3 Reasons To Ask Your Realtor For A Lender ReferralYou are one in a million if you have enough cash to buy a home! For most people getting pre-approved for a home loan is one of the first steps in
Where Do The Experts Think Future Home Values Are Headed
Today, many real estate conversations center on housing prices and where they may be headed.
That is why we like the Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real
estate experts and investment & market strategists about where they believe prices are headed
over the next five years. They then average the projections of all 100+ experts into a single number.
The results of their latest survey:
Home values will appreciate by 3.7% over the course of 2016, 3.3% in 2017 and 3.2% in the next two
years, and finally 3.1% in 2020 (as shown below). That means the average annual appreciation will
be 3.3% over the next 5 years.
The prediction for cumulative appreciation slowed slightly from 21.6% to 17.7% by 2020. The experts
making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.9%.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....